Commercial Real Estate & Business News – September 12, 2023

Multifamily Rents Poised For Robust Increases Further Ahead

For the past three years the multifamily sector has experienced a construction boom not seen since the 1970s, which has helped lead to the current moderation of rents. However that may be about to change. According to a new report by Greg Willett of Institutional Property Advisors, rents could resume…»

Tempe Approves Plans for Nearly 500 Apartment Units

One of the first projects approved will end up being one of the city’s tallest buildings Tempe City Council has approved hundreds of new apartment units, part of a prominent multifamily tower to be built. In separate actions on Sept. 7, Council approved a resolution for…»

Casa Grande Builds Housing, Industry After TSMC lands in Arizona

Casa Grande quickly became one of the major landing spots for semiconductor industry companies after luring a major electric vehicle manufacturer. That fast-tracked economic growth is changing the shape of the Pinal County city and altering its mix of industries. Lucid, a luxury…»

What Does Student Housing Say About Tomorrow’s Apartment Renters?

While it’s crucial for apartment operators to meet modern-day renters where they are, it’s equally essential to anticipate the ways renter behaviors will morph moving forward. So how can operators gauge what’s next? For perhaps the most accurate depiction of what to expect in the coming years…»

24 Albertsons Supermarkets in Arizona to be Sold in Kroger Merger

Some 24 Albertsons stores in Arizona, roughly one-fifth of the locations the company owns here, will have new ownership, under a divestiture agreement announced Friday that’s pegged to the Kroger-Albertsons merger. The stores will be sold to C&S Wholesale Grocers under an agreement with…»